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Marine insurance can no longer hold its course as it struggles to navigate the consequences of a global pandemic. But could the current global catastrophe also present an opening to sail out of the doldrums? A Re/insurance Lounge panel discussed the issue.
A panel of industry experts believe that changes for the re/insurance market are long overdue and that the time has come to embrace the opportunities presented.
“Renewal season for the re/insurance market is long overdue,” says Andrew Yeoman, chief executive officer of Concirrus. “We are also preparing for technology-fuelled market entry as the re/insurance industry navigates the force of the COVID-19 pandemic.”
“Lloyd’s has forecast losses in the region of $2.2 billion.” Richard Turner, IUMI
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